Brokerages Set COPT Defense Properties (NYSE:CDP) Price Target at $32.86

COPT Defense Properties (NYSE:CDP) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.8571.

CDP has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of COPT Defense Properties in a research note on Wednesday. Evercore ISI lowered their price target on shares of COPT Defense Properties from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Jefferies Financial Group lifted their price target on shares of COPT Defense Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Wells Fargo & Company upped their price objective on shares of COPT Defense Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Truist Financial raised their target price on COPT Defense Properties from $30.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, December 15th.

Hedge Funds Weigh In On COPT Defense Properties

A number of institutional investors have recently made changes to their positions in CDP. Financial Consulate Inc. acquired a new stake in shares of COPT Defense Properties during the third quarter worth approximately $39,000. GAMMA Investing LLC boosted its stake in COPT Defense Properties by 59.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,504 shares of the company’s stock valued at $41,000 after acquiring an additional 561 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in COPT Defense Properties by 1,176.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,685 shares of the company’s stock worth $46,000 after acquiring an additional 1,553 shares in the last quarter. Optima Capital LLC acquired a new position in COPT Defense Properties during the 4th quarter worth $63,000. Finally, Osaic Holdings Inc. increased its position in shares of COPT Defense Properties by 59.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,193 shares of the company’s stock worth $88,000 after purchasing an additional 1,192 shares during the last quarter.

COPT Defense Properties Trading Up 0.6%

Shares of CDP opened at $30.61 on Tuesday. COPT Defense Properties has a 12 month low of $23.92 and a 12 month high of $31.24. The stock’s 50-day moving average is $29.37 and its two-hundred day moving average is $28.90. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $3.47 billion, a PE ratio of 23.02 and a beta of 0.86.

COPT Defense Properties (NYSE:CDP) last posted its earnings results on Thursday, October 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $188.80 million during the quarter, compared to analyst estimates of $187.63 million. COPT Defense Properties had a return on equity of 9.71% and a net margin of 19.99%.The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. COPT Defense Properties has set its FY 2025 guidance at 2.690-2.710 EPS and its Q4 2025 guidance at 0.670-0.690 EPS. Equities analysts forecast that COPT Defense Properties will post 2.67 earnings per share for the current fiscal year.

COPT Defense Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, December 31st. COPT Defense Properties’s dividend payout ratio (DPR) is 91.73%.

COPT Defense Properties Company Profile

COPT Defense Properties (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.

The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories.